Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$751M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$692M |
| 3 |
Palantir
PLTR
|
+$434M |
| 4 |
Union Pacific
UNP
|
+$377M |
| 5 |
AbbVie
ABBV
|
+$367M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.74B |
| 2 |
Meta Platforms (Facebook)
META
|
+$602M |
| 3 |
Bank of America
BAC
|
+$600M |
| 4 |
Wells Fargo
WFC
|
+$568M |
| 5 |
Broadcom
AVGO
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.73% |
| 2 | Financials | 7.42% |
| 3 | Healthcare | 6.65% |
| 4 | Industrials | 6.3% |
| 5 | Consumer Discretionary | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Kinetik
KNTK
$3.64B
| $20.2M | 0.01% |
459,267
+326,734
| +247% | +$14.3M |
|
1502
PUT
TJX Companies
TJX
$178B
| $20.2M | 0.01% |
163,700
-178,200
| -52% | -$22.6M |
|
1503
Ashland
ASH
$3.11B
| $20.2M | 0.01% |
401,786
+117,332
| +41% | +$5.97M |
|
1504
CALL
Deere & Co
DE
$173B
| $20.2M | 0.01% |
39,700
-23,400
| -37% | -$11.5M |
|
1505
CALL
GitLab
GTLB
$5.57B
| $20.2M | 0.01% |
446,900
+28,500
| +7% | +$1.3M |
|
1506
State Street Materials Select Sector SPDR ETF
XLB
$8.82B
| $20.2M | 0.01% |
459,146
-2,084,300
| -82% | -$88.4M |
|
1507
PUT
Affirm
AFRM
$24.2B
| $20.1M | 0.01% |
291,400
+172,500
| +145% | +$8.94M |
|
1508
O-I Glass
OI
$1.39B
| $20.1M | 0.01% |
1,366,358
+66,949
| +5% | +$856K |
|
1509
CALL
Mercado Libre
MELI
$94.4B
| $20.1M | 0.01% |
7,700
-3,000
| -28% | -$7.01M |
|
1510
Banco Macro
BMA
$5.81B
| $20.1M | 0.01% |
286,592
+255,223
| +814% | +$21.1M |
|
1511
PUT
Regeneron Pharmaceuticals
REGN
$72.9B
| $20.1M | 0.01% |
38,200
-2,700
| -7% | -$1.51M |
|
1512
Warby Parker
WRBY
$3.19B
| $20M | 0.01% |
913,806
-1,411,686
| -61% | -$26.1M |
|
1513
CALL
FedEx
FDX
$74B
| $20M | 0.01% |
88,100
-55,400
| -39% | -$12.1M |
|
1514
CALL
Evercore
EVR
$13.2B
| $20M | 0.01% |
74,000
-21,000
| -22% | -$4.62M |
|
1515
CALL
Warner Bros
WBD
$64.2B
| $20M | 0.01% |
1,743,300
+535,100
| +44% | +$4.99M |
|
1516
Coty
COTY
$2.45B
| $20M | 0.01% |
4,292,497
+3,170,291
| +283% | +$15.7M |
|
1517
PUT
TC Energy
TRP
$70.5B
| $19.9M | 0.01% |
300,000
| – | – |
|
1518
Vontier
VNT
$4.62B
| $19.9M | 0.01% |
540,344
-727,145
| -57% | -$24.8M |
|
1519
Cactus
WHD
$3.69B
| $19.9M | 0.01% |
456,035
-175,090
| -28% | -$7.31M |
|
1520
M&T Bank
MTB
$36.6B
| $19.9M | 0.01% |
102,769
-267,343
| -72% | -$47.2M |
|
1521
Markel Group
MKL
$25.5B
| $19.9M | 0.01% |
9,980
+8,632
| +640% | +$16.2M |
|
1522
iShares MSCI Brazil ETF
EWZ
$9.13B
| $19.9M | 0.01% |
690,292
-8,609
| -1% | -$232K |
|
1523
NVR
NVR
$17.3B
| $19.9M | 0.01% |
2,696
-1,189
| -31% | -$8.52M |
|
1524
PUT
Prologis
PLD
$137B
| $19.9M | 0.01% |
189,300
+5,100
| +3% | +$535K |
|
|
CTRA
1525
DELISTED
Coterra Energy
CTRA
| $19.9M | 0.01% |
782,948
-733,835
| -48% | -$18.6M |
|
Similar funds
Millennium Management's Q2 2025 Portfolio in Review
As of Q2 2025, Millennium Management held 6,516 positions worth $207B, up 10% from $188B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management's Q2 2025 filing shows 738 new, 2,295 increased, 2,418 reduced and 712 closed positions. Its largest new stake was Bank of America Series L: 164,000 shares worth $197K. The largest sale was iShares Core S&P 500 ETF, an estimated $1.74B.
By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.8% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q2 2025 buy was Bank of America Series L: 164,000 shares worth $197K.
- Millennium Management added most to Applovin in Q2 2025, an estimated $751M increase.
- Millennium Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.74B.
- Millennium Management fully exited Discover Financial Services in Q2 2025, selling an estimated $282M.
- Millennium Management's ten largest holdings make up 16% of its $207B portfolio in Q2 2025.
- Millennium Management opened 738 new positions and closed 712 in Q2 2025.
- Millennium Management's portfolio value rose 10% quarter-over-quarter to $207B.
Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.